Savings 1 Drills

Savings 1 Drills

5th Grade

30 Qs

quiz-placeholder

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Savings 1 Drills

Savings 1 Drills

Assessment

Quiz

Social Studies

5th Grade

Easy

Created by

osas igbins

Used 7+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Banks serve as _________________ between those who have money but have no immediate use of it.

Cloth room

Vault room

Cloak room

Banking hall

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The business of saving and borrowing money with a bank is called ______________.

Capital Resource Preservation

Resource Preservation

Banking

Borrowing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money saved for future use is called ________________ preservation.

Capital Resource

Money

Banking

None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The bank that controls all other banks is called ______ Bank

Commercial

Zenith

First

Central

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______________ is referred to as the banker’s bank.

First Bank of Nigeria

Central Bank

Commercial Bank

Zenith

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ____________ is regarded as the government bank. 

First Bank 

Central Bank

Zenith Bank

Commercial Bank

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____________ and _____________ are examples of commercial banks. 

Central Bank and Zenith Bank

Zenith Bank and Commercial Bank

Zenith Bank and First Bank

First Bank and Central Bank

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